Villas at Legacy is a 328 unit, garden style apartment community located in Plano, TX, an affluent suburb of Dallas.
The property is located in Dallas’ prestigious Platinum Corridor, which is a main driver of the Dallas-Fort Worth metroplex creating jobs at a rate that is almost double the national average.
It is situated within the Legacy Business Park, a 2,665-acre master-planned business, retail and residential community which employs nearly 100,000 people.
Plano residents further benefit from an excellent school system, with the A+-rated Plano Independent School District ranked fifth in Texas and 81st in the U.S. by Niche.com.
The property includes a number of amenities including a swimming pool, a clubhouse, fitness center, newly renovated apartment finishes, and access to surrounding public parks.
The acquisition fits well within our apartment strategy given its desirable location with an affluent tenant base, top schools and high barriers to entry.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
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